What's up guys,
As you (hopefully) know, I have been calling for $7,000 since I entered the market at ~$6,500. You can read about that and VAR here:
or you could just click my name and review my work (highly recommended).
I am NOT expecting us to hit $7,500 but I could be wrong. I am not exiting my position yet because I have no reason to - this is just my hunch (notice I don't bet on "hunches"). I am expecting this to turn around pretty soon and for me to be bearish and hopefully we will hit $5,000. But please do remember: I AM STILL LONG AS OF NOW. Do not short bitcoin here because of what I am saying, now is not the time.
With all that said, if I am wrong, then we are likely to go to $7,500 - which is great because I will make money because I have been bullish for a while now. If I'm right, well, I just go short and make even more money!
SUMMARY:
I am currently long, but I am expecting not to be in the near future. So, I will label this post neutral.
If I have been helpful, please like my work and follow me, it helps us both.
Have a good day everyone!
-YoungShkreli
As you (hopefully) know, I have been calling for $7,000 since I entered the market at ~$6,500. You can read about that and VAR here:
I am NOT expecting us to hit $7,500 but I could be wrong. I am not exiting my position yet because I have no reason to - this is just my hunch (notice I don't bet on "hunches"). I am expecting this to turn around pretty soon and for me to be bearish and hopefully we will hit $5,000. But please do remember: I AM STILL LONG AS OF NOW. Do not short bitcoin here because of what I am saying, now is not the time.
With all that said, if I am wrong, then we are likely to go to $7,500 - which is great because I will make money because I have been bullish for a while now. If I'm right, well, I just go short and make even more money!
SUMMARY:
I am currently long, but I am expecting not to be in the near future. So, I will label this post neutral.
If I have been helpful, please like my work and follow me, it helps us both.
Have a good day everyone!
-YoungShkreli
Note
I actually shorted a small amount of bitcoin here as a hedge, but I am NOT NET SHORT. I am net long. I am only short because I am literally short at $7120. My downside is like $40 dollars. My upside is $2100. No brainer, really. -YoungShkreli
Note
Shorting looks like a good idea in hindsight, huh? There is a possibility I will be going net short today. We are at support at $6,920. If we break below, then we will likely retest 6k and I'm HOPING 5k. Seriously, come on bitcoin, hit 5k d*mmit. I'll update you guys later today.-YoungShkreli
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.